Natural Gas Price Forecast
Posted: Sat Oct 25, 2014 9:46 am
EnerCom: The average price for October through December in 2014 is expected to average $4.45/MMBtu, compared to 2013’s estimate of $4.15/MMBtu. Year-end 2014 prices are forecasted at $4.58, compared to 2013’s end price of $4.40.
In January through March, 2015 prices are projected at a midpoint of $4.22/MMBtu, with prices dropping below the $4.00 threshold by mid-March. Prices were consistently above that level in 2014 as gas inventories were limited, averaging a $4.68/MMbtu price in the three month span.
The Wall Street Journal expects gas prices to remain relatively low in its October 23 article titled “Natural-Gas Bulls: Better Luck Next Year.” Late 2015 will be a different situation, according to The Journal, due to coal-fired power plant shutdowns stemming from stricter emissions imposed by the Environmental Protection Agency. A total of 60% of current coal-fired plants are expected to be decommissioned by 2020. Although the article doesn’t believe a jump in gas prices is guaranteed, the seasonal swings will be more extreme due to the increasing dependence of the plentiful resource.
Full Article: http://www.oilandgas360.com/natural-gas ... 1-26401157
In January through March, 2015 prices are projected at a midpoint of $4.22/MMBtu, with prices dropping below the $4.00 threshold by mid-March. Prices were consistently above that level in 2014 as gas inventories were limited, averaging a $4.68/MMbtu price in the three month span.
The Wall Street Journal expects gas prices to remain relatively low in its October 23 article titled “Natural-Gas Bulls: Better Luck Next Year.” Late 2015 will be a different situation, according to The Journal, due to coal-fired power plant shutdowns stemming from stricter emissions imposed by the Environmental Protection Agency. A total of 60% of current coal-fired plants are expected to be decommissioned by 2020. Although the article doesn’t believe a jump in gas prices is guaranteed, the seasonal swings will be more extreme due to the increasing dependence of the plentiful resource.
Full Article: http://www.oilandgas360.com/natural-gas ... 1-26401157